Quotes About Industry

The funny thing was the album was a fairly complete compendium of the music the industry had been largely ignoring for the previous ten years, synthesizing underground bands like Black Flag, Hüsker Dü, Dinosaur Jr, the Pixies, Scratch Acid, the Melvins, and others. But it made that sound palatable to the mainstream with strong melodies and slick production

You're advertising the fact that there's a community here—it's not just this industry that's manufacturing bands, it's a happening scene where people are feeding off each other.

It was the era of fake news and reporters being labeled by those in power as enemies of the people. Newspapers were folding right and left and some said the industry was in a death spiral. Meanwhile, there was a rise in biased and unchecked reporting and media sites, the line increasingly blurring between impartial and agenda-based journalism.

The paying jobs were few and she was often taken advantage of by the leeches who were part of the entertainment industry. But she persevered.

corruption will be the new growth industry without the papers watching.

Of course the auto companies discarded it-it's a good idea. Don't want any good ideas coming out of a big company. Might lead to a good product!

Understanding the competitive forces, and their underlying causes, reveals the roots of an industry's current profitability while providing a framework for anticipating and influencing competition (and profitability) over time. P. 26

The strongest competitive force or forces determine the profitability of an industry and become the most important to strategy formulation. The most salient force, however, is not always obvious. P. 26

If the forces are intense, (..) almost no company earns attractive returns on investment. If the forces are benign, (..) many companies are profitable. P. 25

Substitutes are always present, but they are easy to overlook because they may appear to be very different from the industry's product p.31

Understanding industry structure is also essential to effective strategic positioning P. 26

If a firm can spot an industry in which the fragmented structure does not reflect the underlying economics of competition, this can provide a most significant strategic opportunity. A company can enter such an industry cheaply because of its initial structure. Since there are no underlying economic causes of fragmentation, none of the investment costs or risks of innovations to change underlying economic structure need be borne.

This is an industry that no longer reflects strategically how to create value in the face of disruptive change.

was deliberately manufactured by China at 40% below specified strength.

When you're a conservative Republican, you never think people are making money by ripping other people off," he said. His mind was now fully open to the possibility. "I now realized there was an entire industry, called consumer finance, that basically existed to rip people off.

Because the lenders sold many—though not all—of the loans they made to other investors, in the form of mortgage bonds, the industry was also fraught with moral hazard. "It was a fast-buck business," says Jacobs. "Any business where you can sell a product and make money without having to worry how the product performs is going to attract sleazy people.

One of the reasons Wall Street had cooked up this new industry called structured finance was that its old-fashioned business was every day less profitable. The profits in stockbroking, along with those in the more conventional sorts of bond broking, had been squashed by Internet competition.

The entire health industry lies about what things cost to make," she said. "I know what things cost because I made them.

mortgage bonds, the industry was also fraught with moral hazard. "It was a fast-buck business," says Jacobs. "Any business where you can sell a product and make money without having to worry how the product performs is going to attract sleazy people.

unpleasant odor wafting from the subprime mortgage industry that Eisman had detected. These companies disclosed their ever-growing earnings, but not much else. One of the many items they failed to disclose was the delinquency rate of the home loans they were making.

The fact that it is such an opaque industry should be alarming," Brad said. "The fact that the people who make the most money want the least clarity possible—that should be alarming, too.

When Steve Eisman stumbled into this new, rapidly growing industry of specialty finance, the mortgage bond was about to be put to a new use: making loans that did not qualify for government guarantees. The purpose was to extend credit to less and less creditworthy homeowners, not so that they might buy a house but so that they could cash out whatever equity they had in the house they already owned.

When you're a conservative Republican, you never think people are making money by ripping other people off," he said. His mind was now fully open to the possibility. "I now realized there was an entire industry, called consumer finance, that basically existed to rip people off." Denied

All these subprime companies were calling and hollering at him: You're wrong. Your data's wrong. And he just hollered back at them, 'It's YOUR fucking data!